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After more than 5 years, Nevada is no longer the top state for foreclosures. Guess who's the new number one. (HINT: It's NOT California).
Buying a foreclosed home? Spring 2012 may be your best chance yet. A combination of aggressive legislation and low mortgage rates have left today's market ripe for value.
Buying a foreclosure? Get a move on. Foreclosure activity fell to a 49-month low last month, and figures to be even lower through 2012. See where foreclosures are occurring, and where they're not.
The number of foreclosed homes for sale is dwindling, yet buyer demand for them surges. Remember that highly-publicized, 25% discount for buying a bank-owned home? It's about to go away. If you're looking at foreclosures, here's where to find them.
With each passing month, there are fewer and fewer foreclosures nationwide. Foreclosures are down on a year-to-year basis for the 12th straight month.
Default notices made their biggest one-month jump since August 2007 last month, on the way to a 9-month high. This may foreshadow a large number of bank repossessions in the months ahead.
In some states, more than half of home sales are for homes in foreclosure. Where does your state rank?
Foreclosure filings nationwide fell 35 percent in July 2011, a statistic that hints at the ongoing housing recovery. So, with less REO, where will you find the best "deals"?
According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings dropped 29 percent nationwide on an annual basis in June.
National Association of REALTORS® says foreclosures sell at a steep, 20 percent discount relative to non-distressed homes. There's bargains to be had -- you just need to know where to find them.
If you're shopping for bank-owned homes, supplies may be limited. Foreclosure filings are down 35% since last year. That's a big number. See how your state stacks up.
There's good foreclosure buys out there, but it's getting harder to find them as bank REO slips. The trick is to search the databases that the other buyers aren't.
If you're in the market for "a good deal" -- as an investor, first-timer, or move-up buyer -- here's a guide for where to find foreclosures. Hey -- they're 15% off.
For the first time since February 2009, the monthly foreclosure filings retreated below 300,000. The pace of foreclosures is slowing nationwide. Or is it?
The average sale price on a home in some stage of foreclosure was 26 percent lower last month than homes *not* in some stage of foreclosure.
NAR says home buyers get a "distressed home discount" of roughly 15 percent. Banks are working to reduce that number.
The 80/20 Rule no longer holds true with respect to foreclosures. In Q2 2010, the 10 most foreclosure-heavy states now account for just 70 percent of foreclosures. That's a big drop for a 12-month period. Based on RealtyTrac data, foreclosures haven't been this un-concentrated since 2007.
The National Association of Realtors® says the typical "distressed home discount" ranges near 15 percent. Buying foreclosed homes can be an excellent value if you find REO in livable condition.
9 of the top 10 leading metropolitan areas for foreclosure-related activity showed a drop in annual activity. Only Reno, Nevada showed an increase.
There's 11 days left to claim the government's home buyer tax credit and if you're among the thousands of buyers with their sights on foreclosures, the timing may be perfect. There's been 257,000 new bank REOs since January.
Foreclosure-related filings topped 300,000 last month, according to foreclosure-tracking firm RealtyTrac. Nationwide, 1 in every 418 households was served some form of foreclosure notice but -- as always -- foreclosures are more common in some areas than others. In February 2010, 4 states accounted for more than half of the country's foreclosure-related activity
Foreclosure-related filings topped 300,000 last month, bringing the 12-month total to somewhere near 1.4 million nationwide. Some states, of course, are more foreclosure-heavy than others. According to RealtyTrac, the state of Nevada keeps its title as Foreclosure Central with a foreclosure rate 4 times the national average. Arizona, California and Florida aren't far behind.
Clearly, some states are more foreclosure-heavy than others. And always have been.
As reported by RealtyTrac.com, the Buckeye State is the only state among the Top 10 in 2009 Foreclosure Activity to post fewer filings versus 2008. It's a nice boost for a state that's been beaten down by high unemployment and the New York Jets. Foreclosures are slowing statewide, helping both home values and homeowner morale.
Foreclosure activity in most the nation's largest states dropped last month, buoying the national average lower despite 30 states faring worse than the national average. Total foreclosure activity nationwide slipped for the 4th straight month. Versus October, activity is down 8 percent. A reduction in foreclosure activity is big news for housing, but the big-ger news is buried in the stats.
Overall, this month's foreclosure report is another positive signal in the housing market. Recovery is underway.For homebuyers looking at foreclosed homes, though, the window for "a deal" may be closing. Since foreclosures became "big business" toward the end of 2008, real estate firms found ways to make buying a foreclosed home faster and cheaper.It's no surprise that distressed properties now account for nearly 1/3 of home resales.
The severity of the "Foreclosure Crisis" depends on where you live, it seems. According to the RealtyTrac.com Q3 foreclosure report, Foreclosures Per Household skews heavy towards just a few states. Nevada leads the nation with 1 foreclosure per 23 households. Its rate is six times the national average of 1 foreclosure per 136 households. Arizona, California, and Florida are a distant 2, 3 and 4, respectively.
According to the August RealtyTrac.com foreclosure report, the severity of the "Foreclosure Crisis" depends on where you live. Foreclosures Per Household are highly skewed towards just a few states. The data is so lop-sided, in fact, that 41 states fall below the national average. For shoppers of foreclosed homes, the RealtyTrac data is a true buyer's guide to Where To Find Distressed Homes.
According to RealtyTrac, for the manyth consecutive month, foreclosures are concentrating across just a few states. The data is skewed so badly that 44 states fall below the national average. That's saying something.
Setting aside the personal pain foreclosures can cause, the massive mortgage default numbers have a silver lining. Both first-time home buyers and opportunistic real estate investors can now buy foreclosed homes at relatively low prices and finance them at attractive mortgage rates. Meanwhile, Foreclosure search engines are rarely free but often come with "trial periods". Trial memberships are usually full-featured and you can use your 7 free days to make an unlimited number of queries to help ascertain whether or not the foreclosure market is a good fit for your personal real estate goals.
According to data from its May 2009 foreclosure trends report, foreclosure-tracker RealtyTrac showed that more than 50 percent of the country's foreclosure last month were concentrated across just 3 states: California, Florida, Nevada. On a population basis, these 3 states represent 19 percent of the U.S. population.
The Pareto Principle is one of the more interesting theories of statistics and inequality. Often called the 80/20 Rule, it states that 80 percent of the effects come from 20 percent of the causes. According to RealtyTrac.com's April 2009 data, the theory carries over in real estate, too. 11 states accounted for 80% of the country's foreclosure activity last month despite housing just half of the country's total population.
In looking at the latest stats from foreclosure marketplace RealtyTrac, more than half of the country's foreclosure actions from March 2009 occurred in just 3 states -- California, Florida and Nevada.
According to RealtyTrac.com, California, Florida and Arizona -- home to just 19.99 percent of the country's populace -- accounted for half of the nation's foreclosure actions in February 2009.
RealtyTrac released its foreclosure data for August 2008, its headline reading in the usual Armageddon-like style: FORECLOSURE ACTIVITY INCREASES 12 PERCENT IN AUGUST Activity Up 27 Percent From August 2007 But, as is also typical, the news isn't nearly as dire as the headline would make us believe. Looking at...
RealtyTrac's May 2008 foreclosure report looks terrible in the papers, but there's good reasons why we don't get our news from the headlines only. A deeper look at the data shows that the whole country is not being impacted equally. California is home to 8 of the 10 most foreclosure-heavy...
This is a chart from RealtyTrac's Q1 2008 Foreclosure Report. It is misleading. A common conclusion that people make from charts like this is that foreclosures are the cause of falling home prices. That's false. There may be a relationship between the two, but one doesn't necessarily cause the other....
RealtyTrac released foreclosure data for January 2008 and its report includes a nugget about real estate repossessions. The full-size version is easier on the eyes. Breaking out the data state-by-state, we can see that the Pareto Principle holds: 80 percent of the bank repossessions last month came from 20 percent...
As the largest sub-prime loan servicer in the country, Countrywide handles payments for 11.90% of the sub-prime market. That's a massive $120 billion worth of loans. The sheer size of that portfolio is why I am publishing the above chart. Normally, data from one lender wouldn't be enough for a...
RealtyTrac published its Q3 2007 foreclosure statistics today and the data paints an interesting picture about the nature of home loan defaults. Of the Top 10 MSAs in terms of Foreclosures Per Household, eight represent areas in which real estate speculation was rampant in 2002-2006, and two represent areas whose...
